The Patriot Financial Group Insur.. recently announced the acquisition of new stake in Nano Dimension Ltd. (NASDAQ:NNDM). This fresh investment now brings its stake to 0.01% valued currently at $0.55 million. In addition, Susquehanna Investment Group LLC raised its holdings by 0.21 million to 0.21 million shares.
With over 1.6 million Nano Dimension Ltd. (NNDM) shares trading Friday and a closing price of $1.69 on the day, the dollar volume was approximately $2.71 million. The shares have shown a negative weekly performance of -3.98% and its price on 08/28/20 gained nearly 0.60%. Currently, there are 30.61M common shares owned by the public and among those 2.62M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for NNDM have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $6.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Nano Dimension Ltd. stock is 2.00 for the next 12 months. But an upside of 71.83% will see the stock hit the forecast high price target while mean target price for the stock is $6.00.
The top 3 mutual fund holders in Nano Dimension Ltd. are ARK Autonomous Technology & Robot, Fidelity Comwlth. Tr. – Nasdaq Co, and Emerge ARK Autonomous Tech & Robo. ARK Autonomous Technology & Robot owns 0.14 million shares of the company’s stock, all valued at over $0.31 million. The company bought an additional 782.0 shares recently to bring their total holdings to about 0.01% of the shares outstanding. Fidelity Comwlth. Tr. – Nasdaq Co sold 65029.0 shares to see its total holdings shrink to 39661.0 shares valued at over $90824.0 and representing 0.00% of the shares outstanding. Emerge ARK Autonomous Tech & Robo now owns shares totaling to 0.00% of the shares outstanding.
Shares of Nano Dimension Ltd. (NASDAQ: NNDM) opened at $1.72, up $0.04 from a prior closing price of $1.68. However, the script later closed the day at $1.69, up 0.60%. The company’s stock has a 5-day price change of -3.98% and -31.85% over the past three months. NNDM shares are trading -33.20% year to date (YTD), with the 12-month market performance down to -41.74% lower. It has a 12-month low price of $0.51 and touched a high of $4.90 over the same period. Currently, 1.6 million shares have been traded, compared to an average intraday trading volume of 3.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.63%, -18.98%, and -10.57% respectively.
Institutional ownership of Nano Dimension Ltd. (NASDAQ: NNDM) shares accounts for 12.00% of the company’s 30.61M shares outstanding. Mutual fund holders own 0.01%, while other institutional holders and individual stakeholders account for 0.05% and — respectively.
It has a market capitalization of $77.40M and a beta (3y monthly) value of 2.30. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.84% over the week and 7.99% over the month.
Analysts forecast that Nano Dimension Ltd. (NNDM) will achieve an EPS of -$0.08 for the current quarter, -$0.09 for the next quarter and -$0.23 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$1.9 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Nano Dimension Ltd. (NNDM) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NNDM, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on October 21, 2016, with the firm’s price target at $12-$8.